Coty Inc (NYSE:COTY) was the target of unusually large options trading on Monday. Traders bought 147,363 put options on the company. This is an increase of approximately 706% compared to the typical volume of 18,280 put options.

A number of research firms have commented on COTY. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Coty in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Coty in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.68.

Shares of COTY opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.96 and a quick ratio of 0.66. Coty has a one year low of $5.91 and a one year high of $18.90. The firm has a market capitalization of $8.47 billion, a P/E ratio of 16.67, a PEG ratio of 2.54 and a beta of 0.92.

Coty (NYSE:COTY) last issued its quarterly earnings data on Friday, February 8th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Coty had a positive return on equity of 5.38% and a negative net margin of 13.58%. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. Coty’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that Coty will post 0.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Wednesday, February 27th. Coty’s payout ratio is currently 72.46%.

Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its holdings in Coty by 28.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 361,001 shares of the company’s stock valued at $2,368,000 after purchasing an additional 80,016 shares during the period. State of Alaska Department of Revenue grew its holdings in Coty by 33.7% during the fourth quarter. State of Alaska Department of Revenue now owns 205,777 shares of the company’s stock valued at $1,348,000 after purchasing an additional 51,884 shares during the period. Symons Capital Management Inc. grew its holdings in Coty by 48.5% during the fourth quarter. Symons Capital Management Inc. now owns 713,795 shares of the company’s stock valued at $4,683,000 after purchasing an additional 233,142 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Coty during the third quarter valued at about $1,168,000. Finally, Pearl River Capital LLC bought a new stake in Coty during the fourth quarter valued at about $56,000. 65.09% of the stock is owned by institutional investors and hedge funds.

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About Coty

Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances.

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